Cathie Wood's flagship Ark fund is 'dead money' as it's actually down 18% from 5 years ago, markets guru Larry McDonald says

Larry McDonald, founder of the "Bear Traps Report," has criticized Cathie Wood's flagship Ark fund, stating that the Ark Innovation ETF's longer-term performance is poor, with the fund down 18% from five years ago despite a pandemic-era rally. McDonald suggests that Wood's firm may have underestimated the risks of investing in innovative technologies amid high inflation and rising interest rates. The Ark Innovation ETF, ticker ARKK, has experienced a significant decline from its 2021 highs due to the Federal Reserve's interest rate hikes.

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Relevant topic timeline:

8/30/2023

Cathie Wood Predicts $25,000,000,000,000 Crypto Market Valuation in 2030 Fueled by Institutional Bidding: Report - The Daily Hodl

ARK Invest CEO Cathie Wood predicts that the market capitalization of cryptocurrencies will increase by over 2,100% in less than seven years, driven by institutional investment and the potential approval of a Bitcoin exchange-traded fund (ETF), with the total crypto market cap potentially reaching $25 trillion by 2030.

9/3/2023

Cathie Wood bullish on Bitcoin and AI convergence

Cathie Wood, CEO of Ark Invest, expresses her positive outlook on the convergence of Bitcoin and artificial intelligence, highlighting the transformative potential and economic implications they hold for diverse industries.

9/5/2023

‘Market May Be Broadening Out’: Cathie Wood Loads Up on These 2 Innovation Stocks

Summary: Ark Invest CEO Cathie Wood, known for her successful picks in innovative stocks, has been outperforming the market in the first half of the year with her flagship Ark Innovation ETF, despite not heavily investing in the popular tech giants known as the "Magnificent Seven." Wood has recently added shares of Intellia Therapeutics and Pacific Biosciences to her portfolio, both of which are involved in cutting-edge biotech research.

9/6/2023

Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought

Cathie Wood, CEO of Ark Invest, added to her positions in The Trade Desk, Spotify, and Archer Aviation, as these companies continue to outperform the market and show potential for future growth.

9/6/2023

Following SEC delays, ARK Invest and 21Shares file for spot Ether ETF

ARK Investment Management and 21Shares have proposed an investment vehicle called the ARK 21Shares Ethereum ETF, which aims to provide exposure to Ether and is currently under review by the SEC.

9/7/2023

Persistent macro headwinds could delay Bitcoin bull market — ARK Invest

ARK Invest, an asset management firm, has highlighted several economic challenges that could arise for the remainder of 2023, despite the bullish sentiment in the equities markets, including interest rates, GDP estimates, unemployment, and inflation, which may affect the path of Bitcoin's bull run.

9/20/2023

Cathie Wood Predicts Fed Rate Cuts in 2024 Will Revive Thematic Investing, Sees Innovation Gaining Despite 2022 Struggles

Investors are expected to gravitate towards funds focused on innovative themes as the Federal Reserve cuts interest rates, according to Cathie Wood, founder of ARK Investment Management.

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Posted 8/22/2023, 12:06:00 PM

Cathie Wood's flagship Ark fund is 'dead money' as it's actually down 18% from 5 years ago, markets guru Larry McDonald says

businessinsider.com

Relevant topic timeline:

8/30/2023

Cathie Wood Predicts $25,000,000,000,000 Crypto Market Valuation in 2030 Fueled by Institutional Bidding: Report - The Daily Hodl

9/3/2023

Cathie Wood bullish on Bitcoin and AI convergence

9/5/2023

‘Market May Be Broadening Out’: Cathie Wood Loads Up on These 2 Innovation Stocks

9/6/2023

Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought

Cathie Wood, CEO of Ark Invest, added to her positions in The Trade Desk, Spotify, and Archer Aviation, as these companies continue to outperform the market and show potential for future growth.

9/6/2023

Following SEC delays, ARK Invest and 21Shares file for spot Ether ETF

ARK Investment Management and 21Shares have proposed an investment vehicle called the ARK 21Shares Ethereum ETF, which aims to provide exposure to Ether and is currently under review by the SEC.

9/7/2023

Persistent macro headwinds could delay Bitcoin bull market — ARK Invest

9/20/2023

Cathie Wood Predicts Fed Rate Cuts in 2024 Will Revive Thematic Investing, Sees Innovation Gaining Despite 2022 Struggles

Investors are expected to gravitate towards funds focused on innovative themes as the Federal Reserve cuts interest rates, according to Cathie Wood, founder of ARK Investment Management.